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, /PRNewswire/ -- For the four weeks ending August 22, 2026, U.S. private employers added an average of 12,000 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER).  

Hiring accelerated week over week. These numbers are preliminary and could change as new data is added.

ADP Research Week ending

Change

(Four-week moving
average, seasonally
adjusted)

8/22/2026

12,000

8/15/2026

10,000

8/8/2026

11,750

8/1/2026

9,500

7/25/2026

8,250

7/18/2026

11,000

7/11/2026

14,500

7/4/2026

16,250

6/27/2026

19,750

6/20/2026

21,000

6/13/2026

24,250

6/6/2026

30,750

The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average. These estimates are based on ADP's finely tuned, high-frequency data. The data is seasonally adjusted and have a two-week lag to allow for more complete and accurate estimates of real-time employment trends.

Beginning with today's release, the NER Pulse incorporates first-quarter QCEW data issued by the Bureau of Labor Statistics on August 28, 2026.

The NER Pulse, including 12 weeks of historical data, publishes every Tuesday at 8:15 a.m. ET, except weeks when ADP Research publishes the monthly National Employment Report which is built on a reference week that includes the 12th day of the month. The press release is available Tuesdays at 8:15 a.m. ET in the ADP Media Center. The NER Pulse is also available shortly after 8:15 a.m. ET on release days at ADP Research and in Main Street Macro.

The next NER Pulse will be released September 15, 2026. For upcoming release dates please refer to the calendar on the NER website.

The ADP National Employment Report and the NER Pulse are produced by ADP Research in collaboration with the Stanford Digital Economy Lab.

About ADP Research 
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policy makers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.

To subscribe to monthly email alerts or obtain additional information about ADP Research, including employment and pay data, methodology, and a calendar of release dates, please visit https://www.adpresearch.com.

About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research are registered trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2026 ADP, Inc. All rights reserved.

SOURCE ADP, Inc.

Expanded strategic partnership combines ADP's 77 years of HR, payroll, and compliance expertise with AWS cloud and AI capabilities to help ADP clients navigate the growing complexity of workforce management in the AI era.

, /PRNewswire/ -- Amazon Web Services (AWS), an Amazon.com company, and ADP, a global leader in HR and payroll solutions, today announced an expanded, strategic partnership. The partnership affirms AWS as ADP's strategic cloud provider, enabling its continued AI transformation and ongoing innovation of generative and agentic AI solutions for its more than 1.1 million clients across 140 countries and territories.

"ADP is setting the standard for how AI can transform human capital management at global scale," said Scott Liska, vice president at AWS. "By combining ADP's deep expertise in payroll and HR with AWS's comprehensive AI and cloud capabilities, this partnership gives companies a smarter and more efficient way to manage their people and orchestrate work across the employee lifecycle." 

"AI is transforming how work gets done, but it also increases the complexity of managing a global workforce. Organizations need trusted partners that can combine advanced AI with deep domain expertise," said Sreeni Kutam, president of global product and innovation at ADP. "Through our partnership with AWS, we're delivering faster, more intelligent innovation that helps our clients make high-stakes workforce decisions with greater confidence. By combining AI innovation with human expertise, we are creating meaningful outcomes for employees, managers, HR professionals, and payroll practitioners." 

The expanded partnership helps organizations navigate increasing HCM complexity with confidence. The partnership builds on years of collaboration between the two companies, including ADP's recent work with the AWS Generative AI Innovation Center, a global team of strategists and scientists that helps companies design, build, and launch generative and agentic AI solutions.

Key focus areas for collaboration across the two companies include:

A cloud foundation for scalable AI innovation: ADP is executing a strategic platform transformation initiative on AWS. For example, by implementing agentic services like AWS Transform and AWS Kiro, ADP used AI to accelerate the manual effort of bringing thousands of key applications to the cloud, such as tax and payroll systems. With its workflows on AWS, ADP can now more rapidly deploy new AI capabilities and scale services to meet client demand, all while maintaining enterprise-grade security and compliance standards across geographies.  ADP Assist agents: Built on AWS with Amazon Bedrock, ADP Assist is an intelligent assistant that helps HR professionals automate tedious processes, identify and correct payroll anomalies, find answers to complex questions, and generate instant reports. ADP Assist agents, built with Amazon Bedrock AgentCore, serve as purpose-built agents for employees, managers, and HR and payroll practitioners that think, plan, and take action under human oversight. ADP Lyric HCM: AWS cloud and AI technology powers ADP's award-winning Lyric HCM platform. With ADP Assist integrated, Lyric unifies global HR, payroll, talent, and workforce management, providing enterprise organizations with customizable workflows, real-time analytics for decision making, and personalized employee experiences. Through collaboration with AWS, ADP implemented a generative AI-driven client onboarding process that reduced certain critical steps by greater than 50%. Global Data Platform: ADP leverages AWS to optimize the industry's largest workforce dataset into an intelligence foundation that powers AI HCM capabilities, including ADP Assist and its AI agents that work across ADP's solutions. This global data platform on AWS represents an unmatched industry dataset informed by 77 years of data and expertise spanning 42 million wage earners worldwide, providing the architecture for more personalized experiences for clients at scale, with security, privacy, and compliance embedded from the ground up. About AWS
Amazon Web Services (AWS) is guided by customer obsession, pace of innovation, commitment to operational excellence, and long-term thinking. By democratizing technology for nearly two decades and making cloud computing and generative AI accessible to organizations of every size and industry, AWS has built one of the fastest-growing enterprise technology businesses in history. Millions of customers trust AWS to accelerate innovation, transform their businesses, and shape the future. With the most comprehensive AI capabilities and global infrastructure footprint, AWS empowers builders to turn big ideas into reality. Learn more at aws.amazon.com and follow @AWSNewsroom.

About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises — and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com. 

SOURCE ADP, Inc.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of ADP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Key Takeaways Fed Governor Waller Issued Comments on the Inflation RateWeekly Jobless Claims Remain RestrainedTrade Deficit Slides Deeper, but Better than Expected Thursday, September 3rd, 2026

Lots of information hits the tape this Thursday morning, as we see shifts based on early-morning commentary, along with key monthly and weekly data. Pre-markets are modestly mixed following an up-trading day Wednesday. The Dow is up another +250 points, the S&P 500 is +10, the Nasdaq is -14 points at this hour and the small-cap Russell 2000 is +7.

Fed Governor Chris Waller, offering his insights this morning in a Reuters “NEXT Newsmaker” interview, said that he expects the Fed will keep interest rates steady going forward as long as progress on inflation continues to be made. On the other hand, if tariff risks and other factors keep the inflation picture from improving, then a rate hike would be back on the table.

Bond yields seemed to react to this statement, lowering on the 10-year to +4.75% and the 2-year to +4.33%. Spot oil prices remain high — WTI at $92 per barrel (/bbl) and Brent crude at $96/bbl — as hostilities continue between the U.S. and Iran. We remain off the April and May highs, but significantly higher than the early July lows.

Key will be the next Inflation Rate report from the August Consumer Price Index (CPI), due a week from tomorrow. Last time around, we saw a still-high +3.7% headline inflation rate, with a much more agreeable +2.5% on the core print. It would appear much is resting on the shoulders of this upcoming report in determining the Fed’s next move. Keep in mind, however, President Trump’s selection of Fed Chair Kevin Warsh strongly suggests there is a bias toward not raising rates from the committee head.

Weekly Jobless Claims Remain in Good Range
Initial Jobless Claims for last week reached +206K, slightly above the +205K projected but below the upwardly revised +204K the previous week. We can see the tight band these numbers continue to sustain, but it is now the fifth week at +200K new claims or higher.

Continuing Claims were also very consistent: 1.779 million was a bit higher than the downwardly revised 1.771 million the prior week — again, seemingly refusing to reach the 1.8 million threshold, which itself would continue to indicate a healthy labor market environment. As it happens, we haven’t been above 1.8 million longer-term jobless claims in 10 weeks.

So far this “Jobs Week,” we’ve seen slightly lower-than-expected job openings in the July JOLTS report Tuesday and a mere +38K filled jobs in the private sector from August ADP (ADP - Free Report) (below the +45K analysts were looking for), and basically in-line on weekly jobless claims. Tomorrow’s Employment Situation report will hopefully show a bounceback from a loss of -23K jobs in July to +53K last month.

Trade Deficit Deepens, Productivity In-Line
Also this morning, the U.S. Trade Balance showed a deficit of -$88.6 billion in July, a slight improvement over the -$90 billion anticipated. However, it is the deepest deficit since the all-time low -$133 billion in March of 2025, and a sizable drop from the improved revision to -$71.2 billion revision for June.

Finally, Q2 non-farm Productivity figures are out this morning. The headline came in at +1.4%, in-line with expectations. Meanwhile, Q2 Unit Labor Costs were slightly below estimates: +1.2% versus +1.3%. Nothing will move the stock market trading needle from this data, but it is important to keep these numbers in minds when considering the overall health of the economy.

What to Expect from the Stock Market Today
As always, we’ll keep an eye on the Strait of Hormuz and the White House to see what, if anything, is being done about ending the Iran war. The last thing anyone in this country wants is $100/bbl oil. Also, Canada’s tariffs on U.S. imports are scheduled for next Tuesday — the day after Labor Day. Will any negotiations transpire ahead of this deadline to keep the trade war from escalating?

Aside from Waller’s comments this morning, this afternoon we look toward comments from Fed Presidents Beth Hammack (Cleveland) and Austan Goolsbee (Chicago) at an online summit called “Connecting Communities.” Will they back up Waller’s comments about keeping interest rates steady so long as inflation rates do?

Questions or comments about this article and/or author? Click here>>

Private payrolls rose by 38,000 in August according to ADP research. Economists expected a gain of 47,000.

Base pay rose 3.2%; gross pay was up 4.7%

, /PRNewswire/ -- Private-sector employment increased by 38,000 jobs in August, according to the ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab").  

For all private-sector workers in the United States, base pay rose 3.2% and gross pay was up 4.7% year over year, according to ADP Pay Insights.

ADP Pay Insights now offers deeper analytics, expanded geographic data reporting across 56 metropolitan areas and an interactive website platform to compare various datasets. Key enhancements to the monthly report include base pay growth and gross pay growth across geography, worker mobility, demographics, sector, employer size, and pay quartile.

ADP Research Base pay for job-stayers rose 3.0% year-over-year; base pay for job-changers increased 4.7%.

Gross pay for job-stayers rose 4.4% year-over year; gross pay for job-changers increased 7.3%.

Beginning with today's release of the August 2026 data, ADP Pay Insights offers deeper analytics, expanded geographic data, and an interactive data platform. Key enhancements to the monthly report include tracking of the year-over-year change in base pay drawn from contracted pay rates in addition to the reported change in gross pay. Gross pay is drawn from base pay plus bonuses, commissions, tips, and other earnings. ADP Pay Insights also now reports pay trends for all workers, job-stayers and job-changers combined.

Data on base and gross pay is available for 56 U.S. metropolitan areas. Base and gross pay data also is available by worker mobility, demographics, sector, employer size, and pay quartile.

Base and gross pay each are valuable indicators of labor-market conditions. Base pay changes tend to be long-lasting, and any change in this structural metric can send a signal on labor-market tightness or inflationary pressure.

Gross pay measures total compensation generated by labor-market activity, data that can be used to assess income growth and consumer spending power. Changes in gross pay can tell us how employers are responding to atypical economic conditions.

The ADP National Employment Report is an independent measure of the labor market based on the anonymized weekly payroll data of more than 26 million private-sector employees in the United States. ADP Pay Insights uses payroll transaction data to compare the wage growth of individual workers over 12-month intervals, resulting in more than 14.7 million year-over-year pay-change observations each month.  

Together, these reports use ADP's finely-grained data to provide a representative and high-frequency picture of the private-sector labor market.

"Pay can tell us a lot about today's choppy hiring. To understand hiring patterns, you have to look deeply into where pay growth is accelerating, where it's slowing, and for whom," said Dr. Nela Richardson, chief economist, ADP.

"Once predictable wage growth has been overtaken by complexities of demographic change, persistent inflation, and AI's effects on jobs," Richardson said. "Our new Pay Insights report, with its enhanced data, can more fully reveal the dynamics of today's labor market."

August 2026 Report Highlights

View the ADP National Employment Report and interactive charts at http://www.adpemploymentreport.com/.

EMPLOYMENT REPORT

Private employers added 38,000 jobs in August
Private employers posted their slowest pace of job creation since January. Manufacturing, professional services, and information shed jobs. Education and health care, construction, and leisure and hospitality all showed solid hiring.

Change in U.S. Private Employment:     38,000

Change by Sector

- Goods-producing:     -10,000

Natural resources and mining     -5,000 Construction     12,000 Manufacturing     -17,000 - Service-providing:     48,000

Trade, transportation, and utilities     -5,000 Information     -4,000 Financial activities     6,000 Professional and business services     -16,000 Education and health services     45,000 Leisure and hospitality     16,000 Other services     6,000 Change by U.S. Regions

- Northeast:     38,000

New England     12,000 Mid-Atlantic     26,000 - Midwest:     5,000

East North Central     -15,000 West North Central     20,000 - South:     3,000

South Atlantic     14,000 East South Central     -2,000 West South Central     -9,000 - West:     -8,000

Mountain     -3,000 Pacific     -5,000 Change by Establishment Size

- Small establishments:     3,000

1-19 employees     20,000 20-49 employees     -17,000 - Medium establishments:     0

50-249 employees     2,000 250-499 employees     -2,000 - Large establishments:     34,000

500+ employees     34,000 PAY INSIGHTS
ADP Pay Insights provides base pay growth and gross pay growth data across worker mobility, demographics, sector, employer size, pay quartile, and 56 U.S. metropolitan areas. The report also now offers pay growth distribution. Drawn from ADP's industry-leading workforce dataset, ADP Pay Insights uses payroll transaction data to provide a view on the wage dynamics of more than 14.7 million matched workers over a 12-month period.

"With its extended history, added dimensions of base pay and distribution, and granular metro information, Pay Insights more fully captures the pay structure of the U.S. labor market and how it's changing over time," said Liv Wang, lead data scientist, ADP Research.

"Our August release, for example, shows that pay growth has been decelerating for the past four years," Wang said. "Among lower-paid workers in particular, base pay growth has lost momentum and now is slower than it was prior to the pandemic."

Base pay growth slowed slightly in August
Pay growth for job-stayers was unchanged at 3 percent, while pay growth for job-changers edged down.

Gross pay growth slowed slightly in August
Pay growth for job-stayers was unchanged at 4.4 percent, while pay growth for job-changers slowed from 7.5 percent to 7.3 percent.

Visit our interactive platform for more information.

Median Change in Base Pay

All workers     3.2% Job-stayers     3.0% Job-changers     4.7% Median Change in Gross Pay

All workers     4.7% Job-stayers     4.4% Job-changers     7.3% Median Change in Base Pay by Sector

- Goods-producing:                                                   

Natural resources and mining     3.3% Construction     4.0% Manufacturing     3.5% - Service-providing:                       

Trade, transportation, and utilities     3.3% Information     3.1% Financial activities     3.5% Professional and business services     3.2% Education and health services     3.0% Leisure and hospitality     2.9% Other services     3.0% Median Change in Base Pay by Firm Size

- Medium firms:             

50-249 employees     3.5% 250-499 employees     3.3% - Large firms:             

500+ employees     3.2% To see Pay Insights by U.S. Metro, Gender, Age, and Pay Quartile, please visit https://payinsights.adp.com/.

The July total number of jobs added was revised from 44,000 to 46,000.

For additional information about the ADP National Employment Report, including historical files, employment and pay data, methodology, and a calendar of release dates, please visit https://adpemploymentreport.com/.    

The September 2026 ADP National Employment Report will be released on September 30, 2026 at 8:15 a.m. ET.

About ADP Research
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policy makers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.

To subscribe to monthly email alerts or obtain additional information about ADP Research, including employment and pay data, methodology, and a calendar of release dates, please visit https://www.adpresearch.com.    

About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research are registered trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2026 ADP, Inc. All rights reserved.

ADP-Media

SOURCE ADP, Inc.

(Kitco News) - After seeing significant selling pressure since the start of the week, the gold market is trying to find some solid ground as the private sector created fewer jobs than expected in August.

Private-sector payroll processor ADP said Wednesday that 38,000 jobs were created in August, down from 46,000 in July. The data came in weaker than expected, as consensus estimates had forecast a gain of 47,000 jobs.

The report said this was the slowest pace of job creation since January. The manufacturing sector led the broader economy in job losses, while professional services and information also shed workers.

The gold market is seeing limited buying interest in the initial reaction to the disappointing labor market data. Spot gold last traded at $4,335.20 an ounce, up 0.20% on the day.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

, /PRNewswire/ -- For the four weeks ending August 8, 2026, U.S. private employers added an average of 11,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER).  

Hiring increased for the second week. These numbers are preliminary and could change as new data is added.

ADP Research Week ending     

Change

(Four-week moving
average, seasonally
adjusted)

8/8/2026

11,750

8/1/2026

9,500

7/25/2026

8,250

7/18/2026

11,000

7/11/2026

14,500

7/4/2026

16,250

6/27/2026

19,750

6/20/2026

21,000

6/13/2026

24,250

6/6/2026

30,750

5/30/2026

26,500

5/23/2026

29,000

The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average. These estimates are based on ADP's finely tuned, high-frequency data. The data is seasonally adjusted and have a two-week lag to allow for more complete and accurate estimates of real-time employment trends.

The NER Pulse, including 12 weeks of historical data, publishes every Tuesday at 8:15 a.m. ET, except weeks when ADP Research publishes the monthly National Employment Report which is built on a reference week that includes the 12th day of the month. The press release is available Tuesdays at 8:15 a.m. ET in the ADP Media Center. The NER Pulse is also available shortly after 8:15 a.m. ET on release days at ADP Research and in Main Street Macro.

The next NER Pulse will be released September 8, 2026. For upcoming release dates please refer to the calendar on the NER website.

The ADP National Employment Report and the NER Pulse are produced by ADP Research in collaboration with the Stanford Digital Economy Lab.

About ADP Research 
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policy makers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.

To subscribe to monthly email alerts or obtain additional information about ADP Research, including employment and pay data, methodology, and a calendar of release dates, please visit https://www.adpresearch.com.

About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research are registered trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2026 ADP, Inc. All rights reserved.

SOURCE ADP, Inc.

Adelphi Metals Inc. (CSE:ADP), the mineral exploration company, has identified copper at eight separate locations during summer fieldwork at its Brady project in Ontario.

Geological crews observed iron-rich rocks and copper-bearing minerals across several target areas, supporting the company's interpretation of a single interconnected mineral system.

Field teams submitted 215 rock samples from four main targets for analysis of gold, copper, platinum, and palladium, with laboratory assay results currently pending.

Geologists located chalcopyrite, a major copper mineral, within historical trenches, sulfide boulders, and altered granite contacts across a corridor up to 2.4 kilometers long.

Crews also recorded iron formation zones up to four meters wide alongside iron sulfide gossans, which are oxidized, rust-colored rock zones exposed at the surface.

The exploration team identified extensive units of albite-rich rock, which could represent sodic alteration, a key chemical characteristic of iron oxide copper-gold (IOCG) systems.

Mineralized surface exposures on the property range from 100 meters across to broad exploration corridors with established road access.

Adelphi Metals is now preparing a ground gravity survey at the North River target along the Wanapitei Fault to search for dense, mineralized bodies at depth.

The company will follow the gravity survey with an airborne electromagnetic survey over the Marble Mountain target to identify buried sulfide minerals.

It noted that these initial findings represent visual field observations that require confirmation through formal laboratory assays.

Beacon Pointe Advisors LLC purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 74,583 shares of the business services provider’s stock, valued at approximately $16,703,000.

A number of other hedge funds have also bought and sold shares of the company. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing in the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing during the 4th quarter valued at approximately $28,000. Whipplewood Advisors LLC raised its position in shares of Automatic Data Processing by 2,740.0% during the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 137 shares in the last quarter. Finally, Prosperity Bancshares Inc bought a new position in Automatic Data Processing during the fourth quarter worth $33,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance ADP opened at $287.48 on Friday. The business has a 50 day moving average price of $256.03 and a two-hundred day moving average price of $227.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $114.20 billion, a price-to-earnings ratio of 26.28 and a beta of 0.81. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $305.31.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.05. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period last year, the firm earned $2.26 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Research analysts predict that Automatic Data Processing, Inc. will post 12.26 EPS for the current fiscal year. Automatic Data Processing Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 11th. Automatic Data Processing’s payout ratio is presently 62.16%.

Wall Street Analyst Weigh In A number of equities analysts have commented on the stock. Cantor Fitzgerald lifted their price objective on shares of Automatic Data Processing from $295.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Wells Fargo & Company increased their target price on shares of Automatic Data Processing from $248.00 to $283.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Morgan Stanley raised their price target on shares of Automatic Data Processing from $240.00 to $286.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Guggenheim boosted their price objective on shares of Automatic Data Processing from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, UBS Group increased their price objective on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $273.50.

View Our Latest Stock Report on Automatic Data Processing

Insider Transactions at Automatic Data Processing In other news, VP Brian L. Michaud sold 120 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $279.70, for a total transaction of $33,564.00. Following the completion of the transaction, the vice president owned 18,442 shares in the company, valued at approximately $5,158,227.40. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David Kwon sold 2,414 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $265.62, for a total transaction of $641,206.68. Following the completion of the transaction, the vice president directly owned 9,660 shares in the company, valued at $2,565,889.20. This represents a 19.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,332 shares of company stock worth $898,211. 0.20% of the stock is owned by corporate insiders.

(Free Report)

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.

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Biondo Investment Advisors LLC purchased a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,540 shares of the business services provider’s stock, valued at approximately $9,751,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new position in Automatic Data Processing during the 2nd quarter worth $8,097,229,000. Deutsche Bank AG acquired a new position in shares of Automatic Data Processing during the second quarter valued at approximately $994,937,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Automatic Data Processing by 6,493.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,468,180 shares of the business services provider’s stock valued at $892,120,000 after buying an additional 3,415,576 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Automatic Data Processing during the 2nd quarter valued at about $725,513,000. Finally, Cardano Risk Management B.V. boosted its holdings in Automatic Data Processing by 950.1% during the fourth quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock worth $916,557,000 after buying an additional 3,223,855 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance Shares of NASDAQ ADP opened at $280.81 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average of $249.66 and a 200-day moving average of $226.17. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $308.89. The company has a market capitalization of $111.56 billion, a P/E ratio of 25.67 and a beta of 0.81.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last posted its earnings results on Wednesday, July 29th. The business services provider reported $2.64 EPS for the quarter, beating the consensus estimate of $2.59 by $0.05. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the business earned $2.26 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 12.26 EPS for the current year. Automatic Data Processing Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, September 11th. Automatic Data Processing’s payout ratio is presently 62.16%.

Insiders Place Their Bets In other news, VP David Kwon sold 2,414 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $265.62, for a total value of $641,206.68. Following the completion of the transaction, the vice president owned 9,660 shares of the company’s stock, valued at $2,565,889.20. This represents a 19.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In ADP has been the subject of several research analyst reports. Robert W. Baird reduced their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Mizuho reduced their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. UBS Group increased their price objective on Automatic Data Processing from $260.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Stifel Nicolaus upped their price target on shares of Automatic Data Processing from $260.00 to $285.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, Guggenheim increased their price objective on Automatic Data Processing from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $273.50.

Get Our Latest Research Report on ADP

(Free Report)

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.

Recommended Stories Five stocks we like better than Automatic Data Processing VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding ADP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report).

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Danske Bank A S purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,477 shares of the business services provider’s stock, valued at approximately $1,227,000.

Several other hedge funds have also recently added to or reduced their stakes in ADP. BlackRock Inc. purchased a new position in Automatic Data Processing in the 2nd quarter valued at $8,097,229,000. Deutsche Bank AG purchased a new stake in shares of Automatic Data Processing during the second quarter worth $994,937,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Automatic Data Processing by 6,493.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,468,180 shares of the business services provider’s stock worth $892,120,000 after buying an additional 3,415,576 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Automatic Data Processing in the second quarter valued at about $725,513,000. Finally, Cardano Risk Management B.V. raised its position in shares of Automatic Data Processing by 950.1% in the fourth quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock valued at $916,557,000 after buying an additional 3,223,855 shares during the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In Several research firms have recently weighed in on ADP. Cantor Fitzgerald raised their price target on shares of Automatic Data Processing from $295.00 to $310.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Guggenheim upped their price objective on shares of Automatic Data Processing from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. TD Cowen increased their price objective on shares of Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a report on Monday, July 6th. Argus decreased their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group lowered their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $273.50.

Check Out Our Latest Report on Automatic Data Processing Automatic Data Processing Stock Performance NASDAQ:ADP opened at $280.81 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $111.55 billion, a price-to-earnings ratio of 25.67 and a beta of 0.81. The company’s 50-day moving average is $249.66 and its two-hundred day moving average is $226.31. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $308.89.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.44 billion. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.26 EPS. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Analysts forecast that Automatic Data Processing, Inc. will post 12.26 EPS for the current year.

Automatic Data Processing Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, September 11th. Automatic Data Processing’s dividend payout ratio is presently 62.16%.

Insider Transactions at Automatic Data Processing In other Automatic Data Processing news, VP David Kwon sold 2,414 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $265.62, for a total transaction of $641,206.68. Following the completion of the sale, the vice president owned 9,660 shares of the company’s stock, valued at $2,565,889.20. This trade represents a 19.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Company Profile (Free Report)

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.

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Key Takeaways ADP stock gained 13.4% in a month, outperforming the industry's 1.6% growth and S&P 500's 2.4%.ADP's Q4 adjusted EBIT rose 13% to $1.37B, while its margin expanded 140 basis points to 25.1% y/y.ADP ended fiscal 2026 with $4.2B in cash and paid $2.6B in dividends, supporting shareholder value. ADP (ADP - Free Report) stock has gained 13.4% in a month, outperforming the industry’s 1.6% growth and the Zacks S&P 500 Composite's 2.4% return.

1-Month Share Price Performance
                                                                    Image Source: Zacks Investment Research

Let us delve deeper into the factors that have contributed to the company’s outperformance.

ADP’s Innovation Initiatives Attract InvestorsADP continues to accelerate its DataCloud penetration and increase investments in inside sales, mid-market migrations and service alignment initiatives through its ongoing transformation initiatives. These initiatives enabled the company to innovate, improve operations, expand margins and enhance its operational capabilities. The results are visible as ADP reported that its adjusted EBIT increased 13% year over year to $1.37 billion in the fourth quarter of 2026. The adjusted EBIT margin expanded 140 basis points to 25.1% in the same time frame, while adjusted net earnings rose 14% y/y to $1.05 billion, reflecting ADP’s successful conversion of revenue growth into stronger operating leverage and expanded profitability. Such results boost shareholder confidence in the company's profit growth.

ADP’s Cash Profile Bolsters LiquidityThe company had a cash balance of $4.2 billion at the end of the fourth quarter of fiscal 2026 against a total long-term debt of just $4.9 billion. The figure is substantially lower than the operating cash flow of $5.4 billion for the same period, indicating sufficient cash flow to pay off its debt. This solid cash position provides ADP with sufficient flexibility to pursue growth opportunities without straining its short-term debt position.

Moreover, ADP had a current ratio of 1.05 during the same time frame. Though the figure is lower than the industry benchmark of 1.93, a metric above 1 indicates greater efficiency to meet short-term obligations, which bolsters investor morale.

Consistent Dividend PayoutIn fiscal 2023, 2024, 2025 and 2026, the company distributed $1.6 billion, $1.7 billion, $1.9 billion and $2.6 billion in dividends, respectively. Such moves reflect ADP’s dedication to enhancing shareholder value. This also underlines its confidence in the business's long-term potential and makes the stock appear highly attractive for income-seeking investors.

ADP’s Zacks Rank & Stocks to ConsiderADP currently carries a Zacks Rank #3 (Hold).

A couple of better-ranked stocks in the broader Zacks Computer and Technology sector are Analog Devices, Inc. (ADI - Free Report) and Applied Materials, Inc. (AMAT - Free Report) .

Analog Devices carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 31%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

ADI delivered a trailing four-quarter earnings surprise of 4.8%, on average.

Applied Materials also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 36.7%.

AMAT beat earnings estimates in each of the trailing four quarters, with an average earnings surprise of 5.5%.

, /PRNewswire/ -- For the four weeks ending August 1, 2026, U.S. private employers added an average of 9,500 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER).

Hiring increased after seven weeks of decline. These numbers are preliminary and could change as new data is added.

ADP Research Week ending     

Change

(Four-week moving
average, seasonally
adjusted)

8/1/2026

9,500

7/25/2026

8,250

7/18/2026

11,000

7/11/2026

14,500

7/4/2026

16,250

6/27/2026

19,750

6/20/2026

21,000

6/13/2026

24,250

6/6/2026

30,750

5/30/2026

26,500

5/23/2026

29,000

5/16/2026

30,500

The NER Pulse is an estimate of the week-over-week change in employment based on a four-week moving average. These estimates are based on ADP's finely tuned, high-frequency data. The data is seasonally adjusted and have a two-week lag to allow for more complete and accurate estimates of real-time employment trends.

The NER Pulse, including 12 weeks of historical data, publishes every Tuesday at 8:15 a.m. ET, except weeks when ADP Research publishes the monthly National Employment Report which is built on a reference week that includes the 12th day of the month. The press release is available Tuesdays at 8:15 a.m. ET in the ADP Media Center. The NER Pulse is also available shortly after 8:15 a.m. ET on release days at ADP Research and in Main Street Macro.

The next NER Pulse will be released August 25, 2026. For upcoming release dates please refer to the calendar on the NER website.

The ADP National Employment Report and the NER Pulse are produced by ADP Research in collaboration with the Stanford Digital Economy Lab.

About ADP Research 
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policy makers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.

To subscribe to monthly email alerts or obtain additional information about ADP Research, including employment and pay data, methodology, and a calendar of release dates, please visit https://www.adpresearch.com.

About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research are registered trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2026 ADP, Inc. All rights reserved.

SOURCE ADP, Inc.

Avalon Trust Co purchased a new stake in Automatic Data Processing, Inc. (NASDAQ: ADP) in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,852 shares of the business services provider's stock, valued at approximately $415,000. A number of other large investors have also

Since May, Automatic Data Processing has outperformed the S&P 500 index by a wide margin. The integration of AI-powered tools like ADP Assist is reshaping client retention/operational efficiency, and the enterprise HCM offering called Lyric is gaining meaningful traction in the upmarket space. The company's net debt to adjusted EBITDA ratio was roughly 0.1x in FY 2026, which supports its AA- S&P credit rating with a stable outlook.

E. Ohman J or Asset Management AB lowered its holdings in shares of Automatic Data Processing, Inc. (NASDAQ: ADP) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,482 shares of the business services provider's stock after selling 2,700 shares

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The board of directors of Automatic Data Processing, Inc. (Nasdaq: ADP) has declared a regular quarterly dividend of $1.70 per share payable October 1, 2026 to shareholders of record on September 11, 2026.

About ADP (Nasdaq: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll.

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

Copyright © 2026 ADP, Inc. All rights reserved.

ADP - Investor Relations

Matthew Keating, CFA
973.974.3037
[email protected]

ADP - Media

Media Contact:
Allyce Hackmann
201.400.4583
[email protected]

SOURCE ADP - IR

Also from this source

Key Takeaways ADP Jobs Reached 44K, Below EstimatesFriday's Jobs Forecast Currently 83K for JulyDIS, LLY, CVS and SHOP All Beat Earnings Estimates Wednesday, August 5th, 2026

Pre-market indexes are mixed mid-week after two days of boffo performances in regular trading sessions. Investors had a hunger for Q2 earnings showing outperformance, especially in AI development, and the “Mag 7,” AI hyperscalers and others have so far mostly not disappointed. The situation in Iran has cooled after the U.S. bombed Iran nightly for more than a week; investors take this war-zone quiet as a sign we may normalize the Strait of Hormuz sometime in the foreseeable future.

Jobs Week Continues with Soft ADP Private-Sector Employment
Private-sector payrolls for the month of July are out this morning from Automatic Data Processing (ADP - Free Report) , reaching +44K new jobs filled in the private sector last month. This was below the +75K forecast and less than half the downwardly revised +95K from June. It’s the lowest print of the past four quarters; the previous four-quarter average was +43K — perhaps we’ve reverted to the mean.

Goods-producing jobs lost -3K last month, offset by +47K in Services. Friday’s BLS nonfarm payroll estimate currently sits at +83K. By company size, small businesses (fewer than 50 employees) grew the most: +23K new jobs. Large companies (more than 500 employees) gained +13K jobs, and medium-sized firms added +8K positions last month.

By sector, Education/Healthcare led the way (as per normal) with +36K new positions filled, followed by Financial Services at +10K. Construction work only made +1K new jobs in July, while Trade/Transportation/Utilities (TTU) lost -8K positions. Leisure & Hospitality, by far the biggest winner in jobs growth month after month during the Great Reopening, lost -11K jobs in July. This may be directly related to the winding down of World Cup festivities last month.

Unique to ADP figures is the average wage gains between those who kept their jobs and those who found new employment. Job Stayers remained where they’ve been, averaging +4.4% wage growth, while Job Changers saw a bump to +7.0% in earnings. Perhaps this is an early sign of improvement in the labor market, but we’d need to see this continue to understand it as a positive labor market trend.

Q2 Earnings at a Glance: DIS, LLY, CVS & More
The Walt Disney Company (DIS - Free Report) fiscal Q3 report this morning was mixed: +9.57% on earnings — $2.06 per share versus expectations of $1.88 — while revenues of $25.25 billion came in -0.91% light. Experienced grew +10% and Entertainment/Streaming was +11% for the quarter. Shares are up +3.6% in early trading on the news, cutting into the -13.7% loss year to date. For more on DIS’ earnings, click here.

Eli Lilly & Co. (LLY - Free Report) blasted Q2 results far past estimates. Earnings of $8.38 per share outpaced the $6.01 estimate by +39.43%, with revenues of $22.97 billion grew +48% year over year, +13.38% above expectations. Strong performance from diabetes and weight-loss drugs Mounjaro and Zepbound led the Big Pharma staple, and shares are up +4.6% at this hour of the pre-market. For more on LLY’s earnings, click here.

The transition in CVS Health’s (CVS - Free Report) business plan — health insurance, clinics and retail drugs — is coming in full force, as the company trounced Q2 estimates this morning: earnings of $2.58 per share on sales of $106.1 billion in the quarter outperformed estimates to +37.97% and +5.91%, respectively. Yet after +31$% growth year to date, cautious guidance is rolling back shares -8% ahead of the open. For more on CVS' earnings, click here.

Meanwhile, Shopify (SHOP - Free Report) shares are jumping +20% following its earnings on net income and revenue growth in its Q2 report this morning. Earnings of $0.42 per share outpaced estimates by 3 cents per share. This morning’s big ramp-up nearly fills the entire deep hole of -23% loss in share price year to date.

Questions or comments about this article and/or author? Click here>>

, /PRNewswire/ -- Private sector employment increased by 44,000 jobs in July and pay was up 4.4 percent year-over-year according to the July ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab").  

ADP Research The ADP National Employment Report is an independent measure of the labor market based on the anonymized weekly payroll data of more than 26 million private-sector employees in the United States. ADP's Pay Insights captures over 15 million individual pay change observations each month. Together, the jobs report and pay insights use ADP's fine-grained data to provide a representative and high-frequency picture of the private-sector labor market.

"Job-changers are highly sensitive to real-time economic conditions, and their rapid pay growth implies supply constraints in parts of the labor market," said Dr. Nela Richardson, chief economist, ADP. "Typical hiring patterns, meanwhile, are changing as employers react to shifting macro-economic conditions."

July 2026 Report Highlights

View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.

JOBS REPORT

Private employers added 44,000 jobs in July
Sector-level hiring was choppy last month, but pay sent a clear signal. Year-over-year pay for job-changers accelerated to its fastest pace of growth in nearly a year.

Change in U.S. Private Employment:     44,000

Change by Industry

- Goods-producing:     -3,000 

Natural resources/mining     -6,000 Construction     1,000 Manufacturing     2,000 - Service-providing:     47,000

Trade/transportation/utilities     -8,000 Information     5,000 Financial activities     10,000 Professional/business services     9,000 Education/health services     36,000 Leisure/hospitality     -11,000 Other services     6,000 Change by U.S. Regions

- Northeast:     37,000

New England     16,000 Mid-Atlantic     21,000 - Midwest:     -9,000

East North Central     -11,000 West North Central     2,000 - South:     9,000

South Atlantic     -8,000 East South Central     2,000 West South Central     15,000 - West:     7,000

Mountain     -4,000 Pacific     11,000 Change by Establishment Size

- Small establishments:     23,000

1-19 employees     27,000 20-49 employees     -4,000 - Medium establishments:     8,000

50-249 employees     2,000 250-499 employees     6,000 - Large establishments:     13,000

500+ employees     13,000 PAY INSIGHTS

Pay growth for job-changers accelerated in July
Pay gains for job-stayers held steady at 4.4 percent last month, while pay growth for job-changers rose to 7 percent, the largest year-over-year increase since August 2025.

Median Change in Annual Pay

- Job-stayers     4.4%
- Job-changers     7.0%

Median Change in Annual Pay for Job-Stayers by Industry

- Goods-producing:

Natural resources/mining     4.0% Construction     4.5% Manufacturing     5.0% - Service-providing:                       

Trade/transportation/utilities     4.4% Information     4.0% Financial activities     5.2% Professional/business services     4.1% Education/health services     4.1% Leisure/hospitality     4.4% Other services     4.1% Median Change in Annual Pay for Job-Stayers by Firm Size

- Small firms:             

1-19 employees     2.4% 20-49 employees     4.0% - Medium firms:             

50-249 employees     4.7% 250-499 employees     4.8% - Large firms:             

500+ employees     4.8% To see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here:

The June total number of jobs added was revised from 98,000 to 95,000.

For additional information about the ADP National Employment Report, including historical files, employment and pay data, methodology, and a calendar of release dates, please visit https://adpemploymentreport.com/.    

The August 2026 ADP National Employment Report will be released on September 2, 2026 at 8:15 a.m. ET.

About ADP Research
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policy makers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.

To subscribe to monthly email alerts or obtain additional information about ADP Research, including employment and pay data, methodology, and a calendar of release dates, please visit https://www.adpresearch.com. 

About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises – and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research are registered trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2026 ADP, Inc. All rights reserved.

ADP-Media

SOURCE ADP, Inc.

(Kitco News) - The gold market is adding to its overnight gains, pushing to session highs above $4,200 an ounce as the U.S. economy created fewer private-sector jobs than expected in July, according to private-sector payrolls processor ADP.

On Wednesday, ADP announced that 44,000 jobs were created last month. The report was worse than expectations, as consensus forecasts called for job gains of 68,000.

At the same time, the report noted a jump in wage inflation.

“Job-changers are highly sensitive to real-time economic conditions, and their rapid pay growth implies supply constraints in parts of the labor market. Typical hiring patterns, meanwhile, are changing as employers react to shifting macroeconomic conditions,” said Dr. Nela Richardson
Chief Economist at ADP, in the report.

The gold market is seeing solid momentum in its initial reaction to the disappointing labor market data. Spot gold last traded at $4,210.50, up more than 3% on the day. The precious metal has added to its significant overnight gains.
 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Key Takeaways ADP expects fiscal 2027 revenue growth of 5%-6% and adjusted EPS growth of 9%-11%.ADP trades at 21.5X forward earnings, above the S&P 500 multiple despite a discount to software.ADP generated $5.44 billion in operating cash flow and paid $2.63 billion in dividends. ADP (ADP - Free Report) enters fiscal 2027 with steady revenue growth, wider margins and dependable shareholder distributions. Management's outlook indicates that earnings can continue rising faster than sales.

The investment case is less clear at the current valuation. ADP's operating consistency supports a premium, but investors still need confidence that productivity gains and client-funds income will offset higher costs and competitive pressure.

ADP's Growth Outlook Remains SolidADP expects fiscal 2027 consolidated revenues to increase 5% to 6%. Management also projects 70 to 90 basis points of adjusted EBIT margin expansion and 9% to 11% growth in adjusted diluted earnings per share.

The Zacks Consensus Estimate calls for fiscal 2027 revenues to rise 5.8% to $23.2 billion. The outlook follows fiscal 2026 revenue growth of 7% and adjusted EPS growth of 11%, providing a credible base for another year of moderate top-line gains and faster earnings growth.

                                                                   Image Source: Zacks Investment Research

ADP's Valuation Demands DisciplineADP trades at 21.5X forward 12-month earnings. That is below its five-year median but above the corresponding S&P 500 multiple, leaving limited room for an execution setback even after the stock's valuation moved below its own historical norm.

                                                                   Image Source: Zacks Investment Research

The shares trade at a discount to the software sub-industry on forward earnings. However, ADP's price-to-book and price-to-sales ratios remain elevated. The mixed comparison suggests that the stock is not uniformly expensive, but its valuation still requires durable retention, pricing and margin performance.

Cash Flow and Dividends Strengthen ADPADP generated $5.44 billion in operating cash flow in fiscal 2026. It ended the year with $4.23 billion in cash and cash equivalents against $4.96 billion in long-term debt, giving the company financial capacity to fund investment and shareholder returns.

The dividend remains an important part of the case for income-oriented investors. ADP distributed $2.63 billion in dividends during fiscal 2026, extending a record of consistent payouts. That cash-return profile offers support, although it does not remove the valuation risk.

Competition and Costs Cloud ADP's CaseSpending continues to rise as ADP integrates acquisitions and invests in business transformation, artificial intelligence, product development and service productivity. These initiatives may improve efficiency over time, but higher operating and administrative costs can absorb part of the benefit from revenue growth.

Competition also remains broad. Paychex, Inc. (PAYX - Free Report) provides payroll and human capital management services to small and midsize businesses, while Workday, Inc. (WDAY - Free Report) competes through cloud-based human capital management software. Talent costs, regulatory obligations and pressure on client retention could further limit profitability if execution weakens.

How ADP's Ratings Frame the DecisionThe bottom line favors patience rather than an aggressive entry. ADP's growth outlook, cash generation and dividend record support holding the shares, but the premium to the broader market reduces the margin of safety.

ADP currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Its Value Score of C and Growth Score of C indicate balanced rather than standout characteristics in those styles. The VGM Score of D, which combines value, growth and momentum factors, also signals that ADP does not offer strong across-the-board style characteristics at present. Investors may prefer to wait for a more attractive valuation or clearer evidence that fiscal 2027 execution can exceed expectations.

Automatic Data Processing, Inc. (ADP) Q4 2026 Earnings Call Transcript

These 3 Software Stocks Are Buying Back Shares Hand Over FistAutomatic Data Processing NASDAQ: ADP reported fourth-quarter fiscal 2026 revenue growth of 7%, adjusted EBIT margin expansion of 140 basis points and adjusted earnings-per-share growth of 17%, capping a year in which the company said results reached the high end of its updated guidance ranges.

For the full fiscal year, ADP reported 7% revenue growth, 80 basis points of adjusted EBIT margin expansion and 11% adjusted EPS growth. Total revenue reached $21.9 billion. President and CEO Maria Black said the results reflected progress across the company’s technology, outsourcing and global-scale priorities.

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The Late-Stage Bull Market Is a Buying Opportunity for Tech“Our results this quarter and the full fiscal year are grounded in the value we continue to deliver to our clients,” Black said, describing demand for support with payroll, HR, compliance and workforce changes associated with artificial intelligence.

Bookings, retention and retirement-services milestone Employer Services generated more than $2.2 billion in new-business bookings during fiscal 2026, up 6% from the prior year. Black said growth was broad-based, with contributions from ADP’s small-business portfolio, HR outsourcing, enterprise and international businesses. She said the fourth quarter was particularly strong, especially in June, and cited record seller productivity for the year.

3 Large Cap Stocks Announce Big Buyback Boosts Amid +20% FallsEmployer Services retention was 92.1% for the fiscal year, exceeding the company’s expectations. ADP also recorded its third consecutive year of record-high overall client satisfaction scores, according to Black.

ADP Retirement Services surpassed $1 billion in annual revenue for the first time. The business serves more than 210,000 clients and supports retirement savings for millions of Americans, Black said.

Chief Financial Officer Peter Hadley said Employer Services revenue rose 7% on a reported basis and 6% on an organic constant-currency basis in the fourth quarter. Foreign exchange contributed close to 1 percentage point of reported revenue growth. Employer Services pays per control grew 1% in the quarter, while the segment’s margin expanded 90 basis points.

For the full year, Employer Services revenue grew 7% reported and 5% on an organic constant-currency basis. Segment margin expanded 60 basis points, including approximately 20 basis points of acquisition-related drag from the Workforce Software acquisition, which anniversaried early in the second quarter.

PEO growth accompanied by margin pressure ADP’s Professional Employer Organization segment posted 7% fourth-quarter revenue growth. Revenue excluding zero-margin pass-throughs grew 5%. Average worksite employees increased 2% to 775,000, driven primarily by continued new-business bookings growth.

PEO margin contracted 100 basis points during the quarter, mainly because zero-margin pass-through revenue grew faster than overall revenue and because of higher workers’ compensation and selling expenses.

For fiscal 2026, PEO revenue rose 7%, while revenue excluding zero-margin pass-throughs increased 5%. Average worksite employees grew 2%, and PEO margin contracted 110 basis points. Hadley said retention improved during the year despite elevated healthcare insurance costs.

AI deployment expands across products and operations Black said ADP is embedding AI into payroll, onboarding, service and sales processes. The company’s ADP Assist agents, launched in January, are now available to nearly all of its more than 1.1 million clients across payroll, benefits, HR and compliance.

During fiscal 2026, 3.1 million unique active users had 12 million conversations with ADP Assist. Since January, the tool surfaced 45,000 compliance insights to thousands of clients, according to Black. ADP also made ADP Assist available through its Marketplace, enabling clients to connect solutions and technology ecosystems through natural-language conversations and ADP APIs.

ADP Lyric HCM, the company’s enterprise platform, continued to gain traction. The number of live Lyric clients increased 94% from a year earlier, while the Lyric pipeline rose 50%. New logos represented 70% of pipeline opportunities. Black said ADP signed three fourth-quarter deals involving Lyric, ADP Workforce Suite and ADP Global Payroll.

The company also expanded use of The Zone, its AI-infused service platform. At the start of fiscal 2026, 10% of ADP’s service workforce had access to The Zone; that figure reached 48% by year-end, above the company’s target. Among associates using the platform, 96% of service work took place on it. ADP said contacts per client declined 4% during fiscal 2026 as the platform scaled.

During the question-and-answer session, Black said ADP aims to deploy The Zone broadly across its sales organization and U.S. service population during fiscal 2027. Hadley said overall headcount was 67,000 at the end of both fiscal 2025 and fiscal 2026, with targeted additions in sales, marketing, product and technology offset by efficiencies in service and operations.

Fiscal 2027 outlook ADP’s fiscal 2027 outlook assumes a broadly stable macroeconomic environment. The company expects consolidated revenue growth of 5% to 6%, adjusted EBIT margin expansion of 70 to 90 basis points and adjusted EPS growth of 9% to 11%.

Employer Services revenue is expected to grow 5% to 6%. Employer Services new-business bookings are projected to increase 4% to 7%. Employer Services retention is expected to decline by 10 to 30 basis points from fiscal 2026’s 92.1% level. U.S. pays per control is expected to be flat to up 1%. PEO revenue is forecast to rise 5% to 7%, or 3% to 5% excluding zero-margin pass-throughs. Average PEO worksite employee growth is expected to be about 2%. ADP expects client funds interest revenue of $1.54 billion to $1.56 billion in fiscal 2027, up from $1.35 billion in fiscal 2026. Its outlook assumes average client funds balances will grow 3% to 4% and average yield will increase to 3.7% from 3.4%.

The company repurchased 8.6 million shares, representing more than 2% of shares outstanding, for $2.1 billion in fiscal 2026. Hadley said ADP expects repurchases to remain at elevated levels in fiscal 2027, absent major market changes, supported by proceeds from its May 2026 bond offering and excess operating cash flow. The company has $6 billion remaining under its share repurchase authorization.

About Automatic Data Processing (NASDAQ:ADP)Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP's product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Key Takeaways ADP's Q4 adjusted EPS rose 17% y/y to $2.64 as revenues increased 7% to $5.47 billion.Employer Services margin expanded 90 basis points on productivity gains and higher client funds income.The FY27 guidance calls for 5-6% revenue growth and 70-90 basis points of margin expansion. ADP (ADP - Free Report) has reported fourth-quarter fiscal 2026 adjusted earnings of $2.64 per share, beating the Zacks Consensus Estimate of $2.59 by 1.9%. The metric increased 17% from the year-ago quarter.

Revenues of $5.47 billion surpassed the consensus mark of $5.42 billion by 0.9% and rose 7% year over year. Results benefited from broad-based segment growth, stronger client funds income and operating productivity. Employer Services client retention remained strong at 92.1% for the year.

ADP Posts Broad-Based Revenue GrowthEmployer Services revenues increased 7% year over year to $3.7 billion in the quarter. Organic constant-currency growth was 6%, while U.S. pays per control increased 1%.

The segment also benefited from an 8% increase in average client funds balances. The average yield on those balances rose to 3.5% from 3.2% in the prior-year period, supporting higher interest-related revenues.

Automatic Data Processing Expands Employer MarginEmployer Services’ margin improved 90 basis points to 34.4%. Management attributed the increase to operating productivity gains and the contribution from higher client funds interest revenues.

For fiscal 2026, Employer Services business bookings increased 6% to $2.2 billion. Client satisfaction scores reached record highs, while the number of clients live on ADP Lyric HCM increased 94%.

ADP's PEO Revenues Rise as Margin ContractsPEO Services revenues advanced 7% year over year to $1.78 billion. Revenues excluding zero-margin benefits pass-throughs increased 5%, while average worksite employees rose 2% to about 775,000.

The segment margin fell 100 basis points to 12.2%. Faster growth in zero-margin pass-through revenues, along with higher workers' compensation and selling expenses, weighed on profitability.

Automatic Data Processing Lifts Adjusted ProfitAdjusted EBIT increased 13% year over year to $1.37 billion. The adjusted EBIT margin expanded 140 basis points to 25.1%, showing that ADP converted its revenue growth into stronger operating leverage.

Adjusted net earnings rose 14% to $1.05 billion. On a GAAP basis, net earnings increased 7% to $978.6 million, while diluted earnings per share rose 10% to $2.45.

ADP Sees Stronger Client Funds ContributionInterest on funds held for clients increased 15% year over year to $355.4 million. The net impact from the client funds strategy rose 24% to $355.5 million, reflecting higher portfolio income and a more favorable financing spread.

For fiscal 2026, average client funds balances were $40.4 billion, up 7% year over year. The average portfolio yield increased 20 basis points to 3.4%, while total client funds interest revenues reached $1.355 billion.

Automatic Data Processing Generates Solid Cash FlowADP generated $5.44 billion in operating cash flow during fiscal 2026, up from $4.94 billion a year earlier. The company used $2.08 billion for share repurchases and paid out $2.63 billion in dividends.

Cash and cash equivalents totaled $4.23 billion as of June 30, 2026. Long-term debt stood at $4.96 billion, while funds held for clients were $43.96 billion against client funds obligations of $44.42 billion.

Automatic Data Processing Targets Higher Fund IncomeADP expects client funds interest revenues of $1.54-$1.56 billion in fiscal 2027. The outlook assumes 3-4% growth in average client funds balances and an average portfolio yield of 3.7%.

The company also projects a total contribution of $1.55-$1.57 billion from its client funds extended investment strategy. Management said that AI tools embedded across products, services and sales are enhancing quality and productivity as ADP enters the new fiscal year.

ADP Issues FY27 Growth OutlookFor fiscal 2027, ADP expects year-over-year consolidated revenue growth of 5-6%. The adjusted EBIT margin is projected to expand 70-90 basis points, while adjusted diluted earnings are expected to grow 9-11%.

Employer Services revenues are forecast to rise 5-6%, with business booking growth of 4-7%. PEO Services revenues are expected to increase 5-7%, while average worksite employees are projected to grow 2%.

ADP carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Earnings SnapshotFactSet Research Systems Inc. (FDS - Free Report) reported third-quarter fiscal 2026 adjusted earnings of $4.53 per share, beating the Zacks Consensus Estimate of $4.44 by 2%. The figure increased 6.1% from the year-ago quarter.

Revenues of $622.9 million surpassed the consensus mark of $617.2 million by 0.9% and rose 6.4% year over year.

Paychex, Inc. (PAYX - Free Report) posted solid fourth-quarter fiscal 2026 results. Adjusted earnings of $1.32 per share surpassed the consensus estimate of $1.31 by a slight margin and increased 11% from the year-ago quarter.

Total revenues of $1.61 billion rose 12% year over year and beat the consensus estimate by a slight margin.